On April 22, 2024, the Nets hired Jordi Fernández as their new head coach.
[2] However, the Nets would make two major trades become announced the day before the draft began.
Their first trade (which was made official on the first day of the draft) involved a deal with the Houston Rockets where the Rockets gave back the Nets' 2026 first round pick and relinquished their 2025 first round pick swap rights in exchange for two first round picks originally owned by the Phoenix Suns and two 2029 first round picks, one of them being the rights to a first round pick swap that year.
Their second and more major trade made that day (which became official on July 6) involved the crosstown rivals, the New York Knicks, where they traded away star small forward Mikal Bridges, Keita Bates-Diop, the draft rights to Juan Pablo Vaulet, and a 2026 second round pick of theirs to the Knicks in exchange for Bojan Bogdanović, Shake Milton via sign-and-trade, Mamadi Diakite, two 2025 first round picks (one of them being protected by the Milwaukee Bucks), the Nets regaining their own 2025 second round pick back, first round picks from the Knicks in 2027, 2029, and 2031, and a 2028 first round pick swap with the Knicks.
Roster Last transaction: February 7, 2025 The groups were revealed during the tournament announcement on July 12, 2024.